The Hill News

Uncertainty influences markets. And that influence â€" specifically, the unknown of how or even if we are going to deal with our national debt â€" is reflected in the latest Standard & Poor report, which warned that the United States is in danger of losing its pristine AAA credit rating if it cannot quickly and convincingly address its debt emergency.

If downgraded, global investors could pull out of American bonds and trigger a macroeconomic chain effect that would severely hinder America’s economic recovery, shatter the faith in U.S. government as the “lender of last resort,” and shatter the already-eroding faith in the U.S. Government as a center of financial stability. 

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